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This solution doesnt add up? 29 Dow John Inc borrowed $149,500 for two years from the bank. At the end of the two years, they

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29 Dow John Inc borrowed $149,500 for two years from the bank. At the end of the two years, they repaid the loan with one payment of $176,590. What was the quoted interest rate on the loan? Assume the interest rate is quoted as an APR compounded semi-annually. A, 4.25% B. 8.36% D. 8.68% E. None of the above

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